According to my study, the company is probably through the worst of it, and some positive indicators are starting to appear, like:
(a) The current tinplate sales trend is in a more positive direction, with a slight uptrend and an expected improvement in Q3 and Q4.
(b) The recent currency trends and expected USD interest rate movements are shifting favourably for the Company.
(c) The Ministry of Investment, Trade and Industry (Miti), Malaysia starts anti-dumping investigation into tin products imports from four countries including China, India, Japan and South Korea following petition filed by Perstima with Miti on 15 July 2024
(d) Perstima Vietnam is also considering to file anti-dumping petitions to initiate investigations.
(e) Perstima’s Philippines subsidiary (PPI) has been proactively developing strong bonds with local customers. The Management expects utilization rate for each plant to be at least 50% and continual efforts are made to surpass this. The product evaluation stage has been completed for many of the domestic customers and the response has been positive. Additionally, domestic customers who have long relied solely on imports now appreciate the benefits of having a local supplier and partner that not only supplies a premium product, but is also present to provide technical support at a moment notice.
INITIATION OF AN ANTI-DUMPING DUTY INVESTIGATION CONCERNING IMPORTS OF FLAT-ROLLED PRODUCTS OF IRON OR NON-ALLOY STEEL, OF A WIDTH OF 600MM OR MORE, CLAD, PLATED OR COATED WITH TIN (ELECTROLYTIC TINPLATE OR TINPLATE) ORIGINATING OR EXPORTED FROM THE PEOPLE’S REPUBLIC OF CHINA, THE REPUBLIC OF INDIA, JAPAN AND THE REPUBLIC OF KOREA
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
RainT
8,448 posts
Posted by RainT > 2021-11-08 16:04 | Report Abuse
this one can buy ? being main reasons is Philippines expansion ??